Expo 2030 Riyadh and Mohammed Al Habib Real Estate Company (MAHR) have signed an SAR3.2 billion ($853 million) joint venture agreement for the development and delivery of the Expo Village, the residential community for Expo 2030 Riyadh.
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Artificial intelligence (AI) offers emerging markets significant opportunities, but also poses serious risks, said a report, highlighting the need to seize opportunities across three fronts - building digital infrastructure, data ecosystems and investing in skills - to avoid relegation to the margins of the future AI-enabled economy.
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Regional diplomatic efforts to ease the crisis around the Strait of Hormuz appeared to stall on Monday after a meeting between Iran and other Gulf countries was postponed, as fresh attacks on shipping and Saudi Arabia's closure of a key oil pipeline heightened concerns over global energy supplies.
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International developer VA Group has announced that it has secured long-term land rights in Oman’s historic Muttrah waterfront, to develop an 18.5-hectare mixed-use project, featuring a mix of residences, leisure and retail facilities within the Port Sultan Qaboos Waterfront Masterplan.
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Global oil markets face a fresh supply shock after Saudi Arabia shut down its 1,200-km East-West Pipeline following multiple drone attacks, as continuing attacks on shipping in the Strait of Hormuz and a widening Houthi offensive in the Red Sea threaten to disrupt vital energy routes on both sides of the Arabian Peninsula.
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Dubai Healthcare City (DHCC) has marked the groundbreaking of Dubai Creek Gardens, an AED3 billion ($816.88 million) master-planned residential development by Global Partners Ltd in DHCC Phase 2.
The UAE has announced plans to invest €40 billion in Germany across a number of sectors that represent strategic and development priorities for both countries. These include industry, advanced technology, artificial intelligence, digital infrastructure and energy.
Oil prices surged to their highest levels since May on Friday as the widening US-Iran conflict and a rapid Houthi advance in Yemen raised fears of a prolonged disruption to global crude supplies through the two strategic waterways of Hormuz and Bab al-Mandeb.
Dubai Healthcare City (DHCC) has announced the groundbreaking of its AED3 billion ($816 million) master-planned residential development - Dubai Creek Gardens - which on completion will boast over 1,400 residences alongside curated retail and dining offerings.
Qatar-based Estithmar Holding said one of its key units has secured a SAR829 million ($221 million) mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, a flagship Saudi giga-project and a designated venue for FIFA World Cup 2034. The scope of work includes building management system and HVAC services.
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have signed a memorandum of understanding (MoU) with the Government of Odisha for 14 projects covering trade and the development of a port, with an investment outlay of $22 billion (IN₹2,10,500 crore).
Alfa Laval, a global leader in heat transfer, separation, and fluid handling, has launched its ‘Made in Saudi’ assembly line for heat exchangers.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a contract valued at KD111.05 million ($359 million) for delivering engineering, procurement and construction (EPC) of tanks for Kuwait Oil Company‘s Jurassic Light Oil export facilities.
Abu Dhabi-based EDGE Group has announced the successful completion of Factory Acceptance Trials (FAT) for six Anavia HT-100 Naval unmanned helicopters, which have now been successfully delivered to the Angolan Navy under the landmark €1 billion ($1.2 billion) naval programme including three corvettes.
Qatar-based Msheireb Properties has begun the Phase One rollout of 'Rashid', its AI Digital Companion, across Msheireb Downtown Doha, thus marking the next stage of a first-of-its-kind service for the city and a further advancement in its smart city capabilities.
OQT, Oman’s global commodity trading company, has appointed Emmanuël Brasseur as Head of LNG at its Dubai office, strengthening its leadership as it expands its presence across global liquefied natural gas (LNG) markets.
Abu Dhabi Tourism has unveiled its new Water Sports Guide, a new digital platform designed to help visitors discover and explore the emirate’s more than 200 islands, diverse marine environments and growing range of maritime experiences.
Schütz, a global leader in the production of industrial transport packaging, has started work on the production facility for intermediate bulk containers (IBC) at global chemicals company BASF’s plant in Ludwigshafen, Germany. The project commissioning is due for summer 2027.
Artificial intelligence (AI) offers emerging markets significant opportunities, but also poses serious risks, said a report, highlighting the need to seize opportunities across three fronts - building digital infrastructure, data ecosystems and investing in skills - to avoid relegation to the margins of the future AI-enabled economy.
Atara Development said steady progress is being made on its premium project - The Residences at Sheraton Al Marjan Island Resort in Ras Al Khaimah - with shoring, piling and foundation works in full swing. On completion, it will boast 168 furnished homes with a mix of one- and two-bedroom units.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, has announced that its Board of Directors has approved the appointment of Reuben George Joseph as Chief Financial Officer, effective October 1, 2026.
Imam Mohammad Ibn Saud Islamic University (IMISIU) has advanced in the Times Higher Education Sustainability Impact Ratings 2026.
Apple has entered the foldable smartphone race with the launch of the Duo, a passport-sized iPhone with rounded edges that opens into a 7.6-inch display. The new model features a smaller outer screen when folded and is Apple’s thinnest phone when open.
Salama, Islamic Arab Insurance Company (Salama), the first Takaful insurer in the Middle East, and Ajman Bank have entered into a strategic partnership to provide Takaful solutions to Ajman Bank customers.
Researchers at Durham University have developed a new drone navigation system that enables autonomous aircraft to fly faster, more smoothly and more safely through crowded and obstacle-filled environments.
Keolis Group, a global leader in public transport, is marking five years of its partnership with Roads and Transport Authority, a collaboration that began in 2021 when the French group took over responsibility for the operation and maintenance of Dubai Metro and Tram under a 15-year contract.
Qatar-based Estithmar Holding said one of its key units has secured a SAR829 million ($221 million) mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, a flagship Saudi giga-project and a designated venue for FIFA World Cup 2034. The scope of work includes building management system and HVAC services.
Abu Dhabi Tourism has unveiled its new Water Sports Guide, a new digital platform designed to help visitors discover and explore the emirate’s more than 200 islands, diverse marine environments and growing range of maritime experiences.
